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Saturday, 28 July 2018

loobobilly News: How Economists Fought Back Against Senegal's Septic Cartel

How Economists Fought Back Against Senegal's Septic Cartel Competition between companies is supposed to keep prices down. But sometimes the companies stop competing and start colluding to keep prices high. That's a cartel. So how do you stop it? In this case from Dakar, Senegal, a group of economists used text messages and clever design to break up a cartel for an essential service with health implications for many: septic hauling. Competition between companies is supposed to keep prices down. But sometimes the companies stop competing and start colluding to keep prices high. That's a cartel. So how do you stop it? In this case from Dakar, Senegal, a group of economists used text messages and clever design to break up a cartel for an essential service with health implications for many: septic hauling. Business
Competition between companies is supposed to keep prices down. But sometimes the companies stop competing and start colluding to keep prices high. That's a cartel. So how do you stop it? In this case from Dakar, Senegal, a group of economists used text messages and clever design to break up a cartel for an essential service with health implications for many: septic hauling.

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